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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (4496)	12/19/1997 5:23:00 PM
From: Bucky Katt	Read Replies (2) \| Respond to of 116753

BY--I finally figured out that if I was going to trade all day long, my time horizon had to be short, and I had to have both an entry and exit point already planned so I can make a move without having to rethink what I wanted to do. You can be in and out of the same thing 10 times a day if you had the notion to do so. Just like the big boys at the trading desks, without the overhead. Computers and the internet have certainly changed how all this works. I still think the equity market is overvalued by at least 50%. This must be worked out at some point. I also think the gold market is undervalued by a similar amount. Gold has an inflation adjusted parity level with a 1920 dollar of roughly $400, so this also has to achieve a 1 to 1 parity over time, or most likely overshoot in a period of inflation, which explains why the equity markets have overshot value in this period of no/low inflation/cheap money/low interest rate/strong dollar/keep your money in stocks for return market. The obvious questions are when and how will all this change, and that is why I read this thread.